Burgundy Developments Limited 31/03/2026 iXBRL

Company registration number: 06531094

Burgundy Developments Limited

Unaudited filleted financial statements

31 March 2026

Burgundy Developments Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Burgundy Developments Limited

Directors and other information


	Directors	Mr M J Bristow
		Mr A Whiteley


	Company number	06531094


	Registered office	51 High Street
		Redbourn
		St Albans
		AL3 7LW


	Business address	51 High Street
		Redbourn
		St Albans
		AL3 7LW


	Accountants	Hardcastle Blake
		19 New Road
		Drayton Parslow
		Milton Keynes
		MK17 0JH

Burgundy Developments Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Burgundy Developments Limited

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Burgundy Developments Limited for the year ended 31 March 2026 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Burgundy Developments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Burgundy Developments Limited and state those matters that we have agreed to state to the board of directors of Burgundy Developments Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burgundy Developments Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Burgundy Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Burgundy Developments Limited. You consider that Burgundy Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Burgundy Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hardcastle Blake

ICAEW

19 New Road

Drayton Parslow

Milton Keynes

MK17 0JH

18 June 2026

Burgundy Developments Limited

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	207,554		225,270
		_______		_______
			207,554		225,270

Current assets
Stocks		213,259		1,245,381
Debtors	6	418,212		17,558
Cash at bank and in hand		55,632		27,498
		_______		_______
		687,103		1,290,437
Creditors: amounts falling due
within one year	7	( 9,302)		( 515,217)
		_______		_______
Net current assets			677,801		775,220
			_______		_______
Total assets less current liabilities			885,355		1,000,490

Creditors: amounts falling due
after more than one year	8		( 948,750)		( 938,750)
			_______		_______
Net (liabilities)/assets			( 63,395)		61,740
			_______		_______

Capital and reserves
Called up share capital			33,200		33,200
Profit and loss account			( 96,595)		28,540
			_______		_______
Shareholders (deficit)/funds			( 63,395)		61,740
			_______		_______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 18 June 2026 , and are signed on behalf of the board by:

Mr M J Bristow

Director

Company registration number: 06531094

Burgundy Developments Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 51 High Street, Redbourn, St Albans, AL3 7LW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


No depreciation	-	Freehold reversion
Long leasehold property	-	10 %	straight line
Fittings fixtures and equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets .

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tangible assets

	Freehold property	Long leasehold property	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2025	17,700	208,915	31,841	-	258,456
Additions	-	7,310	-	3,500	10,810
	_______	_______	_______	_______	_______
At 31 March 2026	17,700	216,225	31,841	3,500	269,266
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2025	-	20,800	12,386	-	33,186
Charge for the year	-	21,633	6,193	700	28,526
	_______	_______	_______	_______	_______
At 31 March 2026	-	42,433	18,579	700	61,712
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2026	17,700	173,792	13,262	2,800	207,554
	_______	_______	_______	_______	_______
At 31 March 2025	17,700	188,115	19,455	-	225,270
	_______	_______	_______	_______	_______

6. Debtors

	2026	2025
	£	£
Trade debtors	1,907	1,650
Other debtors	416,305	15,908
	_______	_______
	418,212	17,558
	_______	_______

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	-	400,000
Trade creditors	-	5,000
Corporation tax	2,780	106,266
Social security and other taxes	-	1,751
Other creditors	6,522	2,200
	_______	_______
	9,302	515,217
	_______	_______

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	948,750	938,750
	_______	_______

Included within creditors: amounts falling due after more than one year is an amount of £ 948,750 (2025 £ 938,750 ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.

There are no fixed repayment terms for the loan and interest is charged at £10,000 per annum, which is added to the cumulative balance.

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr M J Bristow	762	493	( 2,000)	( 745)
	Mr A Whiteley	1,698	-	( 2,000)	( 302)
		_______	_______	_______	_______
		2,460	493	( 4,000)	( 1,047)
		_______	_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr M J Bristow	75,471	291	( 75,000)	762
	Mr A Whiteley	74,698	2,000	( 75,000)	1,698
		_______	_______	_______	_______
		150,169	2,291	( 150,000)	2,460
		_______	_______	_______	_______

10. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2026	2025	2026	2025
	£	£	£	£
Burgundy Homes - debtor	-	247,000	8,000	8,000
Milvus Homes Limited	(163)	-	( 163)	-
Mike Saunders - Consultancy fees	-	21,000	-	-
	_______	_______	_______	_______

The transactions represent inter-company loans to help fund development projects .

11. Controlling party

The company is ultimatley controlled by the directors.